decimal place.) A. Sold marketable securities at no gain or loss, $70,000. B. Paid accounts payable $125,000. C. Purchased goods on account, $110,000, Core elo Arccant D. Paid notes payable, $100,000 E. Declared a cash dividend, $150,000, :::ty F. Declared a common stock dividend on common stock, $50,000. G. Borrowed cash from bank on a long-term note, $225,000. deper Received cash on account, $125,000. H. Issued additional shares of stock for cash, $600,000.Ste J. Paid cash for prepaid expenses, $10,000. c Obj. 3, 4,5 PR 14-4A Measures of liquidity, solvency, and profitability 5, Number of days a receivables, 18.3 The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 EXCEL TEMPLATE elnimb 20Y2 20Y1 0Retained earnings, January 1 CoODNet income c0od0 Total... 000.d0 Dividends: $3,264,000 550,000 $3,814,000 $3,704,000 600,000 $4,304,000 00 l smooni oled On preferred stock On common stock. . Total dividends.. Retained earnings, December 31 10,000 100,000 $ 110,000 $4,194,000 .. 10,000 100,000 $ 110,000 $3,704,000 000 020 Chapter 14 717 Financial Statement Analvis Marshall nc Comparative Income Statements For the Years Ended Decemher 31, 2012nd 20Y1 Sales Cost of goods sold Gross profit.. Selling expenses Administrative expenses. Total operating expenses Income from operations Other income 20Y1 20Y2 $10850.000 $10.000,000 5.450,000 $ 4850.000 34550,000 S 27O000 000,000- 1,500,000 53.397.500 S 3.500.000 S 1,050.000 20,000 S 1,070.000 120,000 3 950,000 400,000 550.000 6,000,000 1627 500 31,052.500 99.500 S 1,152.000 Other expense interest) Income before income tax Income tax expense.. 132,000 $ L020,000 420,000 600000 Net income 00 Marshall Inc. Comparative Balance Sheet December3t,20Y2 and 20Y1 20Y1 20Y2 Current assets Assets Cash Marketable securities. Accounts receivable (net) Inventories Prepaid expenses Total current assets ros-SYLong-term investments rProperty, plant, and equipment (net) Total assets $ 950,000 420,000 500,000 380.000 20.000 $2.270,000 800,000 5,184,000 58.254.000 $1,050,000 301,000 585,000 420,000 108.000 $ 2,464,000 800.000 5,760,000 $9,024.000 Liabilities Current liabilities Long-term liabilities: Mortgage note payable, 6%, Bonds payable, 4%, .. Total long-term liabilities Total liabilities.. $ 800,000 S 880.000 $ 200,000 3.000,000 $3200,000 od 3,000,000 $3.000,000 $3,800,000 t. $4,080,000 Stockholders' Equity Preferred 4% stock, $5 par Common stock, $5 par. Retained earnings..... Total stockholders'equity. sTlqng Total liabilities and stockholders' equity. $ 250,000 500,000 4,194,000 $4,944,000 $9,024,000 $ 250,000 500,000 3,704,000 $4,454,000 $8,254,000 d Instructions Determine the following measures for 20Y2 (round to one decimal place, including percent except for per-share amounts): m doorb lo ardin na 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned (Co
